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Engie Energía Chile and Solairedirect Chile sign agreement

Engie Energía Chile y Solairedirect Chile firman un acuerdo

Intel ID : 239688
Synopsis

Engie Energía Chile (BCS:ECL), a Santiago-based power, natural gas, and renewable energy generator and distributor, signed an agreement with Solairedirect Chile, a developer of solar power projects, to jointly develop photovoltaic projects in Chile for a year, announced Engie Energía Chile in a filing published by regulator Superintendencia de Valores y Seguros de Chile on 17 August 2016.

In order to develop those projects, both companies might create one or more companies, with equal stakes. However, Engie Energía Chile will have a purchase option for the stake held by Solairedirect Chile in those projects.
(content in spanish)

Engie Energía Chile (BCS: ECL), empresa dedicada a la generación y distribución de electricidad, gas natural y energía renovable, ha firmado un acuerdo con Solairedirect Chile, dedicada al desarrollo de proyectos de energía solar, para desarrollar de forma conjunta proyectos fotovoltaicos en el país durante un año, según ha informado Engie Energía Chile en un hecho relevante remitido a la Superintendencia de Valores y Seguros de Chile el 17 de agosto de 2016.

Para poder desarrollar dichos proyectos, ambas empresas podrán constituir una o más sociedades, con una participación igualitaria. No obstante, Engie Energía Chile tendrá una opción de compra de la participación de Solairedirect Chile en esos proyectos.

Relevant Documents


Intel ID 239688
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Engie Energía Chile
(31 Dec 2013)
Revenue: EUR 0,88m
EBITDA: EUR 0,09m
Exchange Rate:
Date
Country
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Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Electric (Primary)
Primary Sector (TTRSC)
20.03.10 Power Transmission & Distribution
20 Energy & Utilities / 20.03 Power Generation & Electric Utilities

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.